A WAY TO REREAD ADAM SMITH
Main Article Content
Abstract
Revisiting Adam Smith always leads us to find something new as we advance in some of the topics addressed. Here motivations to revisit Smith are twofold, the object of Political Economy and the problem of the measure of value. Smith is often vulgarized in Marx's sense of the term vulgar economics: a body of theory where propaganda dominates over the search for truth. The process of vulgarization of his work began with Walras and continues today with the think tanks that present him as a champion of the omnipotent market. On the other hand, the subject of the measurement of value has followed two routes, one that I call Marxist, and the other Ricardian. The analysis here presented seeks to show the enormous differences between the two. Smith’s approach would be more Ricardian than Marxist, although it differs from both by its practical interest. An example is given to illustrate the practical relevance of the great Scotsman’s argument.
Article Details
Citas en Dimensions Service
References
APEE (s.f.) About APEE. [en línea] Disponible en: <https://apee.org/about-apee/> [Consultado el 6 de junio de 2022].
Adam Smith Institute (s.f.) About the Adam Smith Institute. [en línea] Disponible en: <https://www.adamsmith.org/about-the-asi> [Consultado el 22 de marzo de 2016].
Blaug, M. (1990). Economic Theory in Retrospect. Nueva York: Cambridge University Press.
Bogdanor, V. (1986). Harold Macmillan obituary. The Guardian, 30 de diciembre.
Caws, P. (1962). Definition and measurement in Physics. En: C.W. Churchman y P. Ratoosh (eds.), Measurement Definitions and Theories (pp. 3-17). Londres: Wiley & Sons.
Işıkara, G. y Mokre, P. (2021). Price-value deviations and the Labour Theory of Value: Evidence from 42 countries, 2000-2017. Review of Political Economy, 34(1), 1-16. https://doi.org/10.1080/09538259.2021.1904648
Farjoun, E. y Machover, M. (1983). Laws of Chaos: A Probabilistic Approach to Political Economy. Londres y Nueva York: Verso Editions y NLB.
Farjoun, E., Machover, M. y Zachariah, D. (2021). How Labor Powers the Global Economy: A Labor Theory of Capitalism. Cham, Suiza: Springer Nature.
Kuhn, T.S. (1987). La función de la medición en la física moderna. En: T.S. Kuhn (ed.), La Tensión esencial (pp. 202-247). México: Fondo de Cultura Económica.
Marshall, A. (1978). Remedios para las fluctuaciones de los precios. Obras Escogidas (pp. 35-59). México: Fondo de Cultura Económica.
Marx, K. (1987). Teorías sobre la plusvalía, vol. I. México: Fondo de Cultura Económica.
Morishima, M. y Seton, F. (1961). Aggregation in Leontief matrices and the Labour Theory of Value. Econometrica, 29(2), abril, 203-220. https://doi.org/10.2307/1909289
Peach, T. (2009). Adam Smith and the Labor Theory of (Real) Value: A reconsideration. History of Political Economy, 41(2), 383-406. https://doi.org/10.1215/00182702-2009-007
Ricardo, D. (2005). The Works and Correspondence of David Ricardo, eds. P. Sraffa y M.H. Dobb, Vol. 6, Letters 1810-1815. Indianapolis: Liberty Fund Inc.
Ricardo, D. (1973). Principios de economía política y tributación. México: Fondo de Cultura Económica.
Rubin, I. (1979). A History of Economic Thought. Londres: Ink Link.
Sacristán, M. (1978). El trabajo científico de Marx y su noción de ciencia. Mientras Tanto, 2, 61-96.
Smith, A. (1981). La riqueza de las naciones. México: Fondo de Cultura Económica.
Sraffa P. (1966). Producción de mercancías por medio de mercancías: preludio a una crítica de la teoría económica. Barcelona: Oikos-Tau.
Steedman, I. (1978). Marx after Sraffa. Londres: New Left Books.
Steedman, I. (2003). Marx after Sraffa and the Open Economy [Working Paper 2003-02]. Discussion Papers in Economics, Manchester Metropolitan University, Manchester, Reino Unido.
The Heritage Foundation (2023). Mandate for Leadership: The Conservative Promise. 21 de abril. [en línea] Disponible en: <https://www.project2025.org/news/press-releases/project-2025-publishes-comprehensive-policy-guide-mandate-for-leadership-the-conservative-promise/> [Consultado el 9 de septiembre de 2024].
The Heritage Foundation (s.f). Solutions. [en línea] Disponible en: <https://www.heritage.org/solutions/> [Consultado el 9 de septiembre de 2024].
Wallach, P. y Kennedy, K. (2022). Examining some of Trump’s deregulation efforts: Lessons. [en línea] Disponible en: <https://www.brookings.edu/articles/examining-some-of-trumps-deregulation-efforts-lessons-from-the-brookings-regulatory-tracker/> [Consultado el 8 de septiembre de 2024].
Walras, L. (1987). Elementos de economía política pura (o Teoría de la riqueza social). Madrid: Alianza Editorial.
Zarnowitz, V. (1972). The Business Cycle Today: An Introduction. [en línea] Disponible en: <https://www.nber.org/books-and-chapters/economic-research-retrospect-and-prospect-volume-1-business-cycle-today/business-cycle-today-introduction> [Consultado el 20 de marzo de 1994].
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Authors who publish in this journal agree to the following conditions:
a) The authors retain the copy rights (copyright) and give the journal the right of first publication, with the work also under the Creative Commons Attribution License that allows third parties to use what is published as long as they refer to the author or authors of the article. work and its publication in this journal.
b) The authors are free to make other contractual agreements for the non-exclusive distribution of the article they publish in this journal (such as including it in an institutional collection or publishing it in a book), provided that they clearly indicate the original publication of the work in this journal.